Posted by bullmarket1628 > 2022-07-16 12:27 | Report Abuse

PROPOSED ACQUISITION OF SHARES IN THERON HOLDINGS SDN BHD ("THERON") BY XOX (HONG KONG) LIMITED ("XOX HK"), A WHOLLY-OWNED SUBSIDIARY OF XOX BHD ("PROPOSED ACQUISITION")
XOX BHD

https://www.bursamalaysia.com/bm/market_information/announcements/company_announcement/announcement_details?ann_id=3276337

Query Letter Contents:

We refer to your Company’s announcement dated 12 July 2022, in respect of the aforesaid matter.
In this connection, kindly furnish Bursa Securities with the following additional information for public release:-
1) To state the source(s) of funding of XOX HK and/or XOX Bhd, and the breakdown thereof, for redemption of the RHB Facility of RM49,416,000.68 and repayment of Theron’s outstanding debts of RM44,318,000.00. To also reconcile with the disclosure in Section 6 of the announcement dated 12 July 2022.
2) The justification for the purchase consideration of RM19,254,590.
Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.
 
Yours faithfully,
Listing, 
Regulation
Cc : Market Surveillance Dept. , Securities Commission

Date Announced: 15 JUL 2022

Posted by bullmarket1628 > 2022-07-16 12:32 | Report Abuse

XOX's unit to acquire Theron for RM19.25mil
Tuesday, 12 Jul 2022 6:29 PM MY

https://www.thestar.com.my/business/business-news/2022/07/12/xox039s-unit-to-acquire-theron-for-rm1925mil

KUALA LUMPUR: XOX Bhd
has proposed to acquire two ordinary shares in Theron Holdings Sdn Bhd, representing 100% of the total issued and paid-up share capital of Theron for RM19.25mil.
In a filing with Bursa Malaysia, XOX said its wholly-owned subsidiary, XOX (Hong Kong) Limited (XOX HK) had entered into a share sale agreement with Muar Ban Lee Group Bhd
for the proposed acquisition.

Theron is a special purpose vehicle incorporated by Muar Ban Lee for the purpose of acquiring and holding the shares in Symphony Life Bhd
As of the date of this announcement, Theron is holding 98.09 million shares in Symphony, representing 13.7% of the total issued and paid-up share capital of Symphony.

Symphony is principally engaged in the business of property development and property investment.
XOX said its board has deliberated the opportunity and found the proposed acquisition to be synergistic.
“In an effort to streamline XOX’s capital management, the management has deliberated various strategies which include shares buy back and placement of excess cash in high yielding funds.

“The proposed acquisition is part of XOX’s strategy to maximise return on its excess fund, which will ultimately benefit its shareholders,” it said.
In addition, XOX said Symphony is currently trading at the lower end of its range of intrinsic value. Hence there is a potential of immediate capital appreciation for the proposed acquisition in the event of any correction to Symphony’s current depressed share price.

Posted by bullmarket1628 > 2022-07-16 13:14 | Report Abuse

Muar Ban Lee sells unit holding stake in Symphony Life to XOX
July 12, 2022 20:55 pm +0

https://www.theedgemarkets.com/article/muar-ban-lee-sells-unit-holding-stake-symphony-life-xox

KUALA LUMPUR (July 12): Muar Ban Lee Group Bhd (MBL) is exiting its investment in property firm Symphony Life Bhd, whose share price has fallen 46% since MBL bought into it.
MBL, a specialist in palm oil machinery and oil seed crushing machinery, announced that it is selling its wholly-owned unit, Theron Holdings Sdn Bhd, that owns a 13.7% stake in Symphony Life to XOX Bhd for RM19.25 million cash.
Based on Tuesday's closing share price of 45 sen, the 13.7% stake is worth RM44.14 million. According to MBL's filing with Bursa Malaysia, XOX is obliged to provide "evidence that all outstanding debts owed by Theron to MBL as at the completion date [of the acquisition] have been paid and settled". The outstanding debt amounted to RM46.32 million — advances that MBL has given to Theron for the purchase of Symphony Life shares.

Theron also borrowed RM47.55 million from RHB Bank Bhd to invest in Symphony Life shares via a term loan.
Theron is a special purpose vehicle incorporated for the purpose of acquiring and holding shares in Symphony Life. It accumulated 98.09 million Symphony Life shares from April 2 last year to March 9 this year at a total cost of RM90.26 million, said MBL.
Theron bought a large bulk of its stake in Symphony Life from the company's former executive chairman Tan Sri Mohamed Azman Yahya, who founded the property firm.
MBL noted that the transaction, which it expects to be completed in the third quarter of this year, would result in RM48.89 million disposal gain.
The disposal gain includes the effects from deconsolidation of Theron's net liabilities amounting to RM37.59 million, as well as share of results from Symphony Life for financial years 2021 and 2022.
The proposed disposal allows MBL to deconsolidate a term loan from RHB Bank amounting to RM47.55 million as at end-June, while also recoup advances MBL provided to Theron amounting to RM46.32 million, the group said.
MBL would utilise RM19.25 million proceeds from the disposal mainly for working capital.
In a separate filing, XOX said the acquisition, which will be funded by its internally generated funds, is "synergistic" due to prospects of the property market's recovery this year and potential upside to Symphony Life's share price.
Shares of MBL closed unchanged at 35.5 sen, giving it a market capitalisation of RM88.26 million, while XOX fell 0.5 sen or 25% to 1.5 sen, valuing the company at RM75.76 million.
Symphony Life, meanwhile, closed 0.5 sen or 1.12% higher at 45 sen, with a market capitalisation of RM322.4 million.
S Kanagaraju & Kathy Fong

Posted by bullmarket1628 > 2022-07-16 13:33 |

Post removed.Why?

Posted by 8899EL8899 > 2022-07-16 18:05 | Report Abuse

xox is paying rm110mil. for 98mil, shares in symfony,.......about rm1.1 per share,.......is it wise investment?

Posted by Armanhashim > 2022-07-16 19:48 | Report Abuse

limit up ? to the moon ?

Posted by whistlebower99 > 2022-07-20 12:12 | Report Abuse

FOR NEWBIES

Be reminded of the total issued shares & warrants

NOSH = 5,030,830,575
PA = 77,971,406
WB = 231,832,876
WC = 1,412,612,765
https://www.klsescreener.com/v2/stocks/view/0165/xox-bhd

=================
More than 6.7 BILLION shares, PA and warrants combined
Too heavy for price to move up high

==================
Directors might continue to raise fund via share issuance to ESOS and PP
NOSH might continue rise, further diluting your shareholdings equity % and EPS

Loss making in most of last 10 years !!!
Directors continue to receive salaries & payments

=======================
Be careful trading loss making penny stocks that has huge NOSH (BILLION SHARES)
Directors have power to propose shares consolidation and raise more fund via rights issue with free warrants

=====================
Continue to monitor
quarterly results
directors plan for utilisation of company funds
directors plan for more fund raising via shares issuance

==============
TAYOR, set realistic target

Posted by ID007 > 2022-07-23 10:15 | Report Abuse

mana limit up?

Posted by 8899EL8899 > 2022-07-24 14:17 |

Post removed.Why?

Posted by Armanhashim > 2022-07-26 19:52 | Report Abuse

https://www.theedgemarkets.com/article/xox-proposes-rm995-mil-private-placement-develop-digital-media-management-app?type=malaysia

Posted by Armanhashim > 2022-07-26 19:52 | Report Abuse

Limit up soon

Posted by Armanhashim > 2022-07-26 19:53 | Report Abuse

5G Digital Malaysia

Posted by Armanhashim > 2022-07-26 19:53 | Report Abuse

Digital Media App

Posted by ID007 > 2022-07-26 20:21 | Report Abuse

flying soon

Posted by 8899EL8899 > 2022-07-26 21:07 |

Post removed.Why?

Posted by bullmarket1628 > 2022-07-27 00:09 | Report Abuse

XOX BHD
Description: XOX BHD ("XOX" OR "COMPANY")
PROPOSED PRIVATE PLACEMENT OF NEW ORDINARY SHARES IN XOX ("XOX SHARES" OR "SHARES") ("PLACEMENT SHARES"), REPRESENTING NOT MORE THAN 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY (EXCLUDING TREASURY SHARES, IF ANY) ("PROPOSED PRIVATE PLACEMENT")

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3278413

On behalf of the Board of Directors of XOX (“Board”), TA Securities Holdings Berhad (“TA Securities”) wishes to announce that the Company proposes to undertake the Proposed Private Placement.

Further details of the Proposed Private Placement are set out in the announcement attached herein.

This announcement is dated 26 July 2022.

Posted by bullmarket1628 > 2022-07-27 00:22 | Report Abuse

XOX proposes RM9.95 mil private placement to develop digital media management app
Izzul Ikram
/theedgemarkets.com
July 26, 2022 18:42 pm +08

https://www.theedgemarkets.com/article/xox-proposes-rm995-mil-private-placement-develop-digital-media-management-app

KUALA LUMPUR (July 26): ACE Market-listed XOX Bhd plans to undertake a private placement exercise to raise RM9.95 million to develop a digital media management application.
In a filing on Tuesday (July 26), the mobile services provider noted that while it obtained shareholders’ approval to issue up to 717.31 million shares — or 10% of its issued share capital — it has opted to only issue up to 552.86 million shares for the placement exercise.
At an illustrative price of 1.8 sen apiece, which represents a discount of approximately 6.25% to the five-day volume-weighted average market price (VWAP) of XOX shares up to and including July 25, 2022 (LPD), the group expects to raise up to RM9.95 million from the placement exercise……

Posted by bullmarket1628 > 2022-07-27 00:38 | Report Abuse

Kossan, Tasco, CTOS, MHC Plantations, Globetronics, NWP, Toyo Ventures, Techna-X, XOX, Pasukhas, PPB, Eastland Equity, UMediC, Sapura Industrial, Caely and Astral Asia
Hailey Chung
/
theedgemarkets.com
July 26, 2022 23:10 pm +08

https://www.theedgemarkets.com/article/kossan-tasco-ctos-mhc-plantations-globetronics-nwp-toyo-ventures-technax-xox-pasukhas-ppb

KUALA LUMPUR (July 26): Here is a brief look at some corporate announcements and news flow on Tuesday (July 26), which include Kossan Rubber Industries Bhd, Tasco Bhd, CTOS Digital Bhd, MHC Plantations Bhd, Globetronics Technology Bhd, NWP Holdings Bhd, Toyo Ventures Holdings Bhd, Techna-X Bhd, XOX Bhd, Pasukhas Group Bhd, PPB Group Bhd, Eastland Equity Bhd, UMediC Group Bhd (UMC), Sapura Industrial Bhd, MJ Caely Holdings Bhd and Astral Asia Bhd….

Posted by bullmarket1628 > 2022-07-27 01:00 | Report Abuse

Oh my goodness !
Superb good news from XOX !

XOX ventures into digital media management app !


Like that today XOX going to limit up already liao lah !
Heng ah, Ong ah, Huat ah !

Posted by 8899EL8899 > 2022-07-27 10:19 | Report Abuse

xox have money to pay rm110mil. for 98mil shares in symfony, a property developer,.......but no money to pay for digital media app business,.........need to do private placement again,.......do you think they will do the digital media app ? ,......or just a gimmick to raise fund again,.......look at the past,......xox raised fund to do micro financing business & many more,......nothing happen,......you only see them buying inflated sharse of xox net, cheetah, jadi, symfony

Posted by M55555 > 2022-07-27 12:08 | Report Abuse

RM9.95mil pun tarak. Now question is what will probably the PP price. If 0.018 mana ada propit. So biggest worry is this coming week, it might go to 0.01 , then PP 0.005 baru ada ommph.....

Posted by AbangCrypto6014 > 2022-07-27 12:18 | Report Abuse

Dying company that doesnt focus on their business fundamental ...

Posted by Armanhashim > 2022-07-27 12:51 | Report Abuse

Digitak media app ? Challenge fesbuk soon ?limit up ?

Posted by citadel888 > 2022-07-27 15:21 |

Post removed.Why?

Posted by 8899EL8899 > 2022-07-27 19:07 |

Post removed.Why?

Posted by Good123 > 2022-07-28 08:32 | Report Abuse

Share inflation again.. minority shareholders mampus lagi :)

XOX Bhd plans to undertake a private placement exercise to raise RM9.95mil to develop a digital media management application.

Posted by Good123 > 2022-07-28 09:13 | Report Abuse

SC/bursa should stop allowing penny stock companies to do private placement to cheat and dilute minority shareholders.

Posted by ID007 > 2022-08-10 16:33 | Report Abuse

how is xox?

Posted by M55555 > 2022-08-11 10:21 | Report Abuse

Pangkah kosong Pangkah. You tell how.

Posted by M55555 > 2022-08-11 10:23 | Report Abuse

Kindergarten children also know Pangkah ( mean red ) . Salah. Here sikit special Zero use blue ink.

Posted by Armanhashim > 2022-08-16 09:22 | Report Abuse

Limit up soon ?

Posted by ID007 > 2022-08-16 11:28 | Report Abuse

for?

Posted by M55555 > 2022-08-17 10:18 | Report Abuse

Ini Pangkat KOSONG Pangkat . Apa ada ? kakakakaka..

Orang lain punya

https://www.malaymail.com/news/malaysia/2022/08/15/maxis-u-mobile-four-other-telcos-agree-to-dnb-stake-racing-to-complete-terms-of-5g-rollout-as-foreign-players-queue-to-enter-malaysia/22844

Posted by whistlebower99 > 2022-08-30 16:11 | Report Abuse

FOR NEWBIES

MNC is the latest high NOSH low price penny stock proposing to do shares consolidation !!!

This announcement is dated 29 August 2022.

===================
Be careful trading high NOSH low price penny stocks

Directors have power to propose shares consolidation to trim down your shareholdings by many times and raise more fund via rights issue with free warrants

List of penny stocks with shares consolidation :-

2022 in progress - MNC, MERIDIAN, LKL, IMPIANA, FAST, VSOLAR

2022 - YONGTAI, DIGISTA, MTRONIC, AGES, IDMENSN, KANGER, AAX,

BEFORE 2022 - PWORTH, PDZ, LAMBO, PASUKGB, MTOUCHE, SANICHI, VC, TRIVE, VINVEST, ICON, MLAB, NETX,.........

====================
TAYOR, don't be caught in share consolidation exercise

Posted by James Ng > 2022-08-31 21:43 | Report Abuse

[转贴] [Video:浅谈XOX BERHAD, XOX, 0165] - James的股票投资James Share Investing
https://klse.i3investor.com/web/blog/detail/general/2022-08-31-story-h1628845827

Posted by M55555 > 2022-09-02 17:16 | Report Abuse

Ini Pangkat Kosong Pangkat , tak boleh apply ke. Layak tak ?

https://www.theedgemarkets.com/article/four-mnos-remain-committed-dnb-5g-access-track-says-zafrul

There is also the possibility shares in the state-owned 5G agency would be offered to foreign MNOs.
"The option to offer equity shareholdings to foreign MNOs is also there because various foreign MNOs have expressed their desire to contribute to the local 5G network development.

"The government's policy is to prioritise domestic MNOs, but it does not rule out the possibility of offering the remaining shares that can be subscribed in DNB to foreign MNOs," he told Bernama.

Posted by sharewiz118 > 2022-09-05 16:08 | Report Abuse

After Election new formed government launch 5 G and sky is the limit.

Posted by ID007 > 2022-09-07 20:18 | Report Abuse

habis

Posted by M55555 > 2022-09-12 11:11 | Report Abuse

XOX is a mobile virtual network operator (MVNO) . Please just be one . It is a profitable and high growth biz. Stop meddling around.

Posted by whistlebower99 > 2022-09-13 12:05 | Report Abuse

https://focusmalaysia.my/3-top-management-employees-of-giib-holdings-detained-by-macc/
Warning to directors who hanky panky.

Posted by whistlebower99 > 2022-09-15 14:36 | Report Abuse

FOR NEWBIES

NEXGRAM is the latest high NOSH low price penny stock proposing to do shares consolidation !!!

This announcement is dated 14 September 2022.

===================
Be careful trading high NOSH low price penny stocks

Directors have power to propose shares consolidation to trim down your shareholdings by many times and raise more fund via rights issue with free warrants

List of penny stocks with shares consolidation :-

2022 in progress - NEXGRAM, MNC, MERIDIAN, LKL, IMPIANA, FAST, VSOLAR

2022 - YONGTAI, DIGISTA, MTRONIC, AGES, IDMENSN, KANGER, AAX,

BEFORE 2022 - PWORTH, PDZ, LAMBO, PASUKGB, MTOUCHE, SANICHI, VC, TRIVE, VINVEST, ICON, MLAB, NETX,.........

====================
TAYOR, don't be caught in share consolidation exercise

Posted by whistlebower99 > 2022-09-19 11:07 | Report Abuse

FOR NEWBIES

https://www.astroawani.com/berita-sukan/perak-fc-kini-milik-penuh-xox-berhad-378120

https://www.astroawani.com/berita-sukan/perak-fc-lantik-lim-teong-kim-sebagai-ketua-jurulatih-380853

XOX bought Perak FC and hire Lim Teong Kim as head coach

Lots of money needed now to finance the above
Directors might need to raise more fund via shares issuance

===============
Be reminded of the total issued shares & warrants

NOSH = 5,030,830,575
PA = 77,971,406
WB = 231,832,876
WC = 1,412,612,765
https://www.klsescreener.com/v2/stocks/view/0165/xox-bhd

===============
Possible that directors might decide to trim down the NOSH before raising more fund via rights issue and share issuance to PP, ESOS, etc

==============
TAYOR, set realistic target and not be caught in NOSH trimming exercise (shares consolidation)

Posted by whistlebower99 > 2022-09-19 11:18 | Report Abuse

XOX BHD ("XOX" OR "COMPANY") PROPOSED PRIVATE PLACEMENT OF NEW ORDINARY SHARES IN XOX ("XOX SHARES" OR "SHARES") ("PLACEMENT SHARES"), REPRESENTING NOT MORE THAN 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY (EXCLUDING TREASURY SHARES, IF ANY) ("PROPOSED PRIVATE PLACEMENT")
This announcement is dated 26 July 2022.

https://www.klsescreener.com/v2/announcements/view/3584915

=============
No. of issued Shares as at LPD 5,050,830,575
To be issued assuming full conversion of the ICPS 77,971,406
To be issued assuming full exercise of Warrants B 231,832,876
To be issued assuming full exercise of Warrants C 1,412,612,765
To be issued assuming full granting and/or exercise of ESOS Options 399,821,100
After full granting and/or exercise of the Convertible Securities 7,173,068,722
To be issued pursuant to the Proposed Private Placement 717,306,800

Minimum scenario = 505,083,057 shares will be issued assuming no conversion of warrants and ICPS

===========
Massive fund raising
Massive dilution of shareholders equity % and EPS
NOSH continue to increase towards 6 BILLION shares

Posted by Lightspeed > 2022-09-23 02:05 | Report Abuse

This XOX owner is full of shiiittt

Posted by Armanhashim > 2022-09-29 17:11 | Report Abuse

https://makanbola.com/perak-sah-beraksi-di-liga-super-musim-2023/ ... good news ..

Posted by Armanhashim > 2022-09-29 17:12 | Report Abuse

this will generate beautiful stream of oncome next year ...

Posted by Armanhashim > 2022-09-29 17:13 | Report Abuse

.

Posted by ID007 > 2022-09-29 18:47 | Report Abuse

cantik macam bunga

Posted by Armanhashim > 2022-09-29 21:06 | Report Abuse

under Lim Teong Kim ,Perak Fc will play beautiful football like Bayern.

Posted by Armanhashim > 2022-09-29 21:07 | Report Abuse

more sponsor will come